News blog
Datong
- BY: Andrew Hore |
- POSTED: 01/10/2009 |
Surveillance technology developer Datong says that first half orders and cash inflow are better than expected.
Business delayed from last year has helped and £5m of orders have been won in the first half of the current financial year. Datong reported £2.6m of orders in the three months to June 2009 so the pace or order intake has slowed slightly. The figure has been helped by £1.8m of orders for third party products which were deemed not to infringe the patent currently under dispute.
However, orders from the Americas have slowed with the slack being taken up by the rest of the world.
A number of contract wins will be converted to orders in the second half.
The shares recovered 5p to 37.5p each, which values Datong at £5.19m.
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